New Delhi, April 30 (IANS) Air India Express on Thursday announced the restoration of its flight operations to Qatar and Bahrain, while also expanding its network across key Gulf destinations including the United Arab Emirates (UAE), Oman and Saudi Arabia, effective April 30, 2026.With the reinstatement of services, the airline has resumed connectivity from major Indian metros and regional gateways such as Amritsar, Bengaluru, Delhi, Hyderabad, Jaipur, Kochi, Kozhikode, Kannur, Lucknow, Mangalur…
Latest Tata Group News & Updates
New Delhi, April 29 (IANS) Air India on Wednesday hailed Prime Minister Narendra Modi’s ‘hub-and-spoke’ push to develop India into a global aviation hub, while announcing plans to launch international routes from Varanasi under the proposed hub-and-spoke model.Tata Group-owned airline’s CEO and Managing Director Campbell Wilson described the government’s initiative as a ‘transformative step’ for the aviation sector, saying it would strengthen connectivity and enable optimal use of airport in…
Mumbai, April 28 (IANS) The formal agreement for the transfer of the iconic Air India building at Nariman Point in Mumbai is set to be signed between the Maharashtra government and Air India Assets Holding Limited (AIAHL) within the next week, government officials said on Tuesday. While the state government moved to purchase the building for Rs 1,600 crore nearly two-and-a-half years ago, the transaction had remained incomplete until recently. The Finance Department has now officially transferre…
Mumbai, April 22 (IANS) Tata Communications Limited on Wednesday reported a 74.7 per cent decline in profitability for the fourth quarter (Q4) of FY26.According to an exchange filing, the Tata Group telecom firm’s consolidated net profit fell sharply by 74.7 per cent year-on-year to Rs 263.25 crore in Q4 FY26, compared to Rs 1,040.34 crore in the same period previous financial year.Sequentially, too, net profit dropped 28 per cent from Rs 364.28 crore reported in the December quarter (Q3 FY26)…
Seoul/New Delhi, April 21 (IANS) Internet giant Naver said on Tuesday it has created a 700 billion-won ($476.4 million) investment fund with Krafton and Mirae Asset Group to foster companies in the artificial intelligence (AI), fintech and content sectors in India.The companies co-hosted an event in New Delhi to introduce the Unicorn Growth Fund (UGF) to Indian companies and venture capital firms, attended by Industry Minister Kim Jung-kwan, Naver Chief Executive Officer (CEO) Choi Soo-yeon, Kra…
Mumbai, April 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
Mumbai, April 16 (IANS) Singapore Airlines CEO Goh Choon Phong is likely to meet senior executives of the Tata Group on Thursday at Bombay House in Mumbai, with discussions expected to focus on the financial and operational challenges facing Air India.Goh is reported to have arrived in Mumbai earlier in the day and is expected to hold detailed talks with Tata Group leadership on the airline’s ongoing turnaround efforts.According to sources, he is also likely to meet Tata Sons Chairman Nataraja…
New Delhi, April 15 (IANS) Air India has reported a wider-than-expected annual loss of over Rs 22,000 crore ($2.4 billion or Rs 220 billion) for FY26, prompting the airline to seek fresh capital support from its shareholders, including Tata Group and Singapore Airlines, a report has said.The loss for the financial year ended March 31 significantly exceeded earlier internal estimates and comes amid a series of operational and geopolitical disruptions that weighed heavily on the airline’s perfor…
New Delhi, April 13 (IANS) Air India is planning to introduce a new performance-linked stock options reward system for its employees in order to boost productivity as the Tata Group looks at ways to turn around the loss-making airline. Eligible employees, including pilots, engineers, and senior management, will be able to buy shares after being granted stock options at prices between the Rs 4 face value and the market value at the time of grant, according to a report in Livemint on Monday.The pl…
New Delhi, April 7 (IANS) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development.Wilson is currently serving his notice period, according to reports.The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered.It is also unclear if the company has found a replacement. The board was scouting since la…